| Intrinsic Valuation of: ONGC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 29 | Market Cap | ₹3,071B | |||||
| 2021 | - | - (-) | P/E Ratio | 8 | Total Asset | ₹7,587B | |||||
| 2022 | ₹337B | - (-) | Net Income | ₹362B | Total Debt | ₹985B | |||||
| 2023 | ₹351B | 4.2% (-19.0%) | EBITDA | ₹1,021B | Total Liab | ₹3,845B | |||||
| 2024 | ₹467B | 33.0% (28.2%) | Opr Margin | 0.17 | Debt/Equity | 0.26 | |||||
| 2025 | ₹352B | -24.7% (-25.8%) | PreTax Margin | 15.09 | BV/Share | 262 | |||||
| 5Y Average FCF | ₹377B | 4.2% (-5.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.2%) | ||||||||||
| 2026 | ₹367B | MBG Intrinsic Value | ₹257 | ||||||||
| 2027 | ₹382B | ||||||||||
| 2028 | ₹398B | ||||||||||
| 2029 | ₹414B | ||||||||||
| 2030 | ₹432B | ||||||||||
| 2031 | ₹450B | ||||||||||
| Terminal Value | ₹9,348B | Net Worth/Share | ₹297 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹7,979B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹46B | ₹560 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹985B | WACC | 7.3% | 484 | 524 | 573 | 633 | 708 | |||
| Equity Value | ₹7,040B | 7.4% | 479 | 518 | 566 | 625 | 698 | ||||
| Shares Outstanding | 12,580,299,776 | 7.4% | 474 | 513 | 560 | 617 | 688 | ||||
| 7.9% | 431 | 463 | 501 | 546 | 602 | ||||||
| DCF Intrinsic Value | ₹560 | 8.4% | 394 | 420 | 452 | 489 | 533 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||